In other People Moves, RJO Europe hires for London, ISDA needs to fill a key post for its credit-derivatives determinations committees and Trendrating bolsters its sales force.
Two Depart from Deutsche Bank’s Top Ranks
Jacques Brand, ex-CEO, Americas, Deutsche Bank
Jacques Brand, CEO for the Americas since 2012, is leaving Deutsche Bank to “pursue another opportunity,” according to a bank statement.
Separately, Georg F. Thoma, a member of the supervisory board and chairman of its integrity committee, has resigned, two years before the scheduled end of his term in 2018, the bank reports.
Brand joined Bankers Trust in 1990, which was acquired by Deutsche Bank in 1998. He was “among those central to building [Deutsche Bank’s] presence in the United States and beyond,” according to the statement, which notes also that, earlier in his career, he helped grow the bank’s corporate finance franchises in the U.S. and elsewhere.
Thoma was elected to the supervisory board in 2013. The bank’s integrity committee will be chaired on an interim basis by Louise M. Parent, an American lawyer and member of the supervisory board since 2014. She will be assisted by Johannes Teyssen, also a lawyer and member of the supervisory board.
The supervisory board’s nomination committee has begun looking for Thoma’s successor, the bank says.
R.J. O’Brien Europe Hires Peter Jerrom and John Burt
Futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) announced today that its London-based affiliate R.J. O’Brien Europe Ltd. (RJO Europe) has hired Peter Jerrom and John Burt as senior vice presidents in the Listed Foreign Exchange (FX) Brokers division, officials say.
Jerrom and Burt have previously served as co-head of exchange-traded FX at Sigma Broking in London since September 2014, officials say.
Before that role, Jerrom was head of global FX derivatives and chief operating officer for UniCredit in London, which he joined in 2008, officials say. Previously, he was a senior trader at Lehman Brothers in London and held product development roles at Barclays Capital. He started his career at Citibank, where he was a trader in London, New York and Singapore.
David Mudie, CEO, RJO Europe
Burt has spent most of his career in London and before joining Sigma, he was an over-the-counter (OTC) and listed broker for interdealer broker ICAP, specializing in emerging markets FX and swaps. He previously was an OTC broker in those products at Sunrise, Tullett Prebon and Tradition SA, from 2007 to 2013. Burt launched his career in exchange-traded derivatives and prime brokerage at J.P. Morgan Securities in London before joining UBS in 2006 as manager, prime brokerage hedge fund sales, officials say.
“This move gives us prime brokerage relationships and a comprehensive offering of listed products to deliver to clients,” Jerrom says in a prepared statement.
“We continue to expand and round out our institutional specialty areas from the UK, and this represents our first London-based emphasis on exchange-traded FX,” says David Mudie, CEO of RJO Europe, in a statement.
Call for Candidates for ISDA DCs Secretary
The International Swaps and Derivatives Association, Inc. (ISDA) reports that it is looking for a secretary for its credit-derivatives determinations committees (DCs), and has issued an open invitation for firms to apply.
The secretary is “responsible for administrative duties, such as distributing questions submitted by eligible market participants to the relevant DCs, coordinating the timings of DC meetings, and publishing the results of DC votes,” according to an association statement. “The DC secretary does not vote on whether credit events have occurred.”
Currently, the ISDA acts as a non-voting secretary to each DC.
The DCs themselves determine “whether credit events have occurred in the credit default swaps market by comparing publicly available information on particular events with the legal definitions contained in market-standard credit derivatives documentation,” according to the statement.
The DCs each consist of 10 sell-side and five buy-side voting firms, along with three consultative firms and central counterparty observer members. They “apply the terms of market-standard credit derivatives contracts to specific cases, and make factual determinations on Credit Events, Successor Reference Entities and other issues, based on information provided to the DCs by credit default swap (CDS) market participants. The DCs are also responsible for determining whether a CDS Auction should be held following a Credit Event.”
A list of current DC members is available here: http://dc.isda.org/about-dc-committees/current-dc-membersdc-members-april-2016-to-november-2016/.
Firms that intend to apply should contact ISDA’s legal department for more information at: isdalegal@isda.org.
Trendrating Adds Two to Sales
Trendrating, a provider of momentum analytics for fund managers, reports two new additions to its sales force.
Yiannis Yianni, head of global sales, Trendrating
Yiannis Yianni has been named head of global sales and Chris Swanson has been appointed senior sales executive in North America.
Chris Swanson, senior sales executive, North America, Trendrating
Yianni has 25 years of experience in the financial data, software, and solutions industry, including almost 14 years at FactSet, where he was senior vice president and head of the UK and Nordic asset management business, according to the fintech company, while Swanson amassed a track record of equity index data sales during eight years at MSCI.
Founded in 2013, Trendrating provides a tools “designed to maximize investment performance and improve risk control,” the company says.
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